PROPERTY DESCRIPTION

This beautiful townhouse consists of 2 tax map parcels owned fee simple and sold as one. There is no regime fee. This early 19th-century State Street address was once home to the Old Vigilant Fire Insurance Company Headquarters. The building was extensively rehabilitated to a high standard in 2011 using federal and state Historic Rehabilitation Tax Credits. The property is currently used as a law office with an elegant 1 bedroom, 1 bath residence on the second floor. 46-A State is zoned Commercial and 15 Lodge Alley is zoned Residential. This 2-story building has tall ceilings, heart pine floors, a wide staircase, commercial sprinkler, security system, and a wonderful private courtyard. The elevator creates private access to the residence above.This building could have a variety of uses or configurations. The property is well suited to be your Charleston business address with a built-in residence above. Imagine a pied-a-terre to enjoy downtown and host guests or clients. Investment and progress are evident in the French Quarter, the property next door and a home across the street are completing full historic restorations. A boutique hotel and City House Charleston are anticipated on the corners of State and Cumberland. This will elegantly define the Cumberland Street end of the French Quarter. A Four Seasons is anticipated about 3 blocks away. The residential unit allows the owners 2 on-street city parking permits (parking permits could change if the residential use changes, therefore verify anything a buyer would deem relevant with the City of Charleston.) X flood zone, therefore no flood insurance required. Roof replaced in 2017. If square footage, zoning, easements, etc. are important to the buyer, buyer must verify any relevant information. Any buyer must honor the current lease in place through January 2025. The tenant has the option to extend the lease for 6 months.